Of the five large banks contacted by the Prospect about this situation, only JPMorgan responded, vowing not to follow their normal practice of offsetting negative balances with this incoming money. For many vulnerable Americans living paycheck-to-paycheck or worse during this pandemic, there’s a very real possibility that this much-needed sliver of relief could get snatched up by banks, payday lenders, or other predators looking to take advantage of the system.
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